UK Intensifies Efforts to Tokenize Financial Markets, with 54 Entities Including BlackRock and JPMorgan Participating

On the 13th, the UK Treasury released the first report by Chris Woolard, the Wholesale Digital Markets Champion. The report, submitted to the Chancellor of the Exchequer, announced the launch of a task force composed of 54 companies. Supported by the City of London Corporation, this task force (officially named the Digital Markets Industry Task Force) will drive key measures for implementing tokenization in the UK financial markets. At the heart of these measures are value chain-related primary issuance and...